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1272 S Indiana Street, East Los Angeles, California 90023, East Los Angeles, 90023 - 3 bed, 1 bath

1272 S Indiana Street, East Los Angeles, California 90023 home-pic-0
ACTIVE$498,000
1272 S Indiana Street, East Los Angeles, California 90023
3Beds
1Bath
900Sqft
5,231Lot
Year Built
1923
Close
-
List price
$498K
Original List price
$498K
Price/Sqft
$553
HOA
-
Days on market
-
Sold On
-
MLS number
DW25125542
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 20% below the list price. We found 4 Cons,5 Pros. Rank: price - $498.0K(17th), sqft - 900(22th), beds - 3(50th), baths - 1(50th).

It's tough to find anything for under $500K these days ... Are you looking for a fixer? Buy and keep? Buy and Flip? .. This could be your perfect opportunity to purchase that hard to find Fixer-Upper at a great price!! Turn it into your cozy home, or Fix and Flip to jump start your real estate portfolio .. This property is a 3 bedroom, 1 bath, single family home. County assessor reflects different bedroom count and square footage. Currently tenant occupied but can possibly be delivered vacant. According to East LA regional planning department, the zoning is R-3 and can allow up to 4 units. The adjacent 3 bed 1 bath single family residence (1270 S. Indiana) is also available for sale, and is also on an R-3 lot).

Price History

Date
Event
Price
08/11/25
Sold
$405,000
03/24/03
Sold
$260,000
Condition Rating
Poor
Built in 1923, this property is explicitly marketed as a 'fixer-upper' requiring 'extensive renovation.' The images confirm this, showing a severely outdated kitchen with old cabinets, worn countertops, and a basic range. The overall condition, including the exterior and visible interior elements, indicates significant deferred maintenance and a need for substantial repairs and rehabilitation across all major systems and aesthetics. It is not considered a tear-down as the listing suggests renovation potential, but it is far from livable in a comfortable, modern sense.
Pros & Cons

Pros

Development Potential: The R-3 zoning allows for the construction of up to 4 units, offering significant upside for investors or developers looking to maximize land use and potential rental income.
Investment Opportunity: Explicitly marketed as a 'Fixer-Upper' at a 'great price,' this property is ideal for value-add strategies such as fix-and-flip or long-term hold with renovation.
Adjacent Property Available: The availability of the adjacent R-3 zoned property (1270 S. Indiana) presents a unique opportunity to acquire two contiguous lots for a larger-scale development project.
Generous Lot Size: With a 5,231 sqft lot, there is ample space for potential expansion, additional units (per zoning), or creating desirable outdoor living areas, which is valuable in an urban setting.
Immediate Income Potential: Currently tenant-occupied, the property offers immediate rental income, which can help offset holding costs or provide cash flow during the planning or initial renovation phases.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-08-11. The sold price is $405,000.00.
Extensive Renovation Required: As a 'fixer-upper' built in 1923, the property will require significant capital investment and time for comprehensive repairs, upgrades, and modernization.
Discrepancy in Public Records: The county assessor's records differ from the current bedroom count and square footage, which could indicate unpermitted work, permitting challenges, or complications during appraisal or financing.
High List Price Relative to Condition: The list price of $498,000 is notably higher than the estimated value of $394,318, suggesting it may be overpriced given its 'fixer' status and the substantial investment required for renovation.

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